Jason Mitchell's (reoexperts) Blog

the secret victim of all this fallout is the good paying, strong credited neighbor .... who put down large cash payments when they bought. These home buyers cannot walk away. They are stuck with mortgages that cannot be adjusted per proposed legislation. Now anchored in homes with a drastic drop ...

before you buy as financing and purchasing home using FHA loans is now more than ever credit score driven. Know your FICO score and what it means Review your credit report with a lender sooner than later Report mistakes or outdated information pay down debt do not make an large purchases Dont' fa...

Make sure you are experienced in buying real estate if you are going to bid at auctions!In Greater Phoenix,   REO (Real Estate ‘bank' Owned) Auctions are quickly becoming today's ‘get rich quick' opportunity being touted by, well banks, and those who run the auctions. REO Auctions are being adver...

Here is a Cash-back Scenario" Homeowner lists home for $320K Buyer approaches seller and offers to pay$400K and ask for $80K extra paid back to the buyer after and outside the escrow. Seller agrees as still receives the $320K net they had hoped Buyer is able to put down 20% on $400K ($80K) and re...

Wait a minute. I though the (majority) of the the country was excited , optimstic and hopeful for the next 4 years. At least thats what the voice of the American people said loud and clear yesterday when they voted to elect Barack Obama the next President of our United States of America. However,...

Arizona Homeowners Bill of Rights- Proposition 201 - Did Not Pass   Particularly pointed at new home builders, the goal is to "provide homeowners with improved rights to deal with construction defects and shady home sales practices." The Bill of Rights for Arizona Homeowners would providing a 10-...

Do you think that the price of your home is about to fall? or that the value of a rental property you bought years ago might decline?  Are you confident that house prices will continue rising in Denver, or that house values in Boston are going to flatten?  You can bet on it or hedge against such ...

a signs that your finances are in trouble.  If you find yourself , maxing out credit cards paying late on debt borrowing on cards to pay other cards tapping into home equity to pay other debt receiving notices that credit lines are being reduced HELOC or credit card rates are  being increased If ...

Proposition 201 - Arizona Homeowners Bill of Rights. Particularly pointed at new home builders, the goal is to "provide homeowners with improved rights to deal with construction defects and shady home sales practices." I am a big supporter of AZ real estate buyers rights. However, the bill in thi...

REMEMBER TO VOTE!!!All voters must now present identification in Arizona In order to vote in a city, county or state election in Arizona, the voter must present: (a) one form of appropriate identification bearing the name, address and photograph of the voterOR(b) two different forms of identifica...